PONCELET: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PONCELET
Largest movements
- Tangible fixed assets -€76,657
down €76,657 (-13.5%), from €569,155 to €492,497
of which Land and buildings: -€70,904
- Receivables within one year +€13,968
up €13,968 (+132.7%), from €10,527 to €24,495
- Cash +€6,814
up €6,814 (+467.4%), from €1,458 to €8,272
mainly Depreciation (+€79,779) and Tax, wage and social debts (+€49,663)
- Tax, wage and social debts +€49,663
up €49,663 (+1212.7%), from €4,095 to €53,758
- Debts after one year -€44,643
no longer reported in 2025 (was €44,643)
- Profit (loss) carried forward -€41,351
down €41,351 (-4.8%), from -€853,878 to -€895,228
- Other debts -€18,208
down €18,208 (-5.3%), from €343,075 to €324,868
- Investment grants -€9,575
down €9,575 (-12.6%), from €75,886 to €66,311
- Taxes +€46,150
new in 2025: €46,150
- Gross operating margin +€11,144
up €11,144 (+14.8%), from €75,241 to €86,386
- Financial income +€1,819
up €1,819 (+18.5%), from €9,836 to €11,655
of which Non-recurring financial income: +€2,065
- Financial charges -€1,606
down €1,606 (-36.3%), from €4,422 to €2,816
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €669,444 | €606,978 | -€62,467 | -9.3% |
| Fixed assets | 21/28 | €579,917 | €500,138 | -€79,779 | -13.8% |
| Intangible fixed assets | 21 | €10,762 | €7,641 | -€3,121 | -29.0% |
| Tangible fixed assets | 22/27 | €569,155 | €492,497 | -€76,657 | -13.5% |
| Land and buildings | 22 | €554,846 | €483,942 | -€70,904 | -12.8% |
| Plant, machinery and equipment | 23 | €13,867 | €8,248 | -€5,619 | -40.5% |
| Furniture and vehicles | 24 | €441 | €307 | -€134 | -30.4% |
| Current assets | 29/58 | €89,527 | €106,839 | +€17,312 | +19.3% |
| Stocks and contracts in progress | 3 | €71,735 | €68,125 | -€3,610 | -5.0% |
| Stocks | 30/36 | €66,985 | €64,875 | -€2,110 | -3.1% |
| Contracts in progress | 37 | €4,750 | €3,250 | -€1,500 | -31.6% |
| Amounts receivable within one year | 40/41 | €10,527 | €24,495 | +€13,968 | +132.7% |
| Trade receivables | 40 | €10,527 | €24,495 | +€13,968 | +132.7% |
| Cash at bank and in hand | 54/58 | €1,458 | €8,272 | +€6,814 | +467.4% |
| Deferred charges and accrued income | 490/1 | €5,808 | €5,948 | +€140 | +2.4% |
| Total equity and liabilities | 10/49 | €669,444 | €606,978 | -€62,467 | -9.3% |
| Equity | 10/15 | €232,579 | €181,653 | -€50,925 | -21.9% |
| Contributions | 10/11 | €1,010,000 | €1,010,000 | = | 0.0% |
| Capital | 10 | €1,010,000 | €1,010,000 | = | 0.0% |
| Issued capital | 100 | €1,010,000 | €1,010,000 | = | 0.0% |
| Reserves | 13 | €570 | €570 | = | 0.0% |
| Non-distributable reserves | 130/1 | €570 | €570 | = | 0.0% |
| Legal reserve | 130 | €570 | €570 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€853,878 | -€895,228 | -€41,351 | -4.8% |
| Investment grants | 15 | €75,886 | €66,311 | -€9,575 | -12.6% |
| Amounts payable | 17/49 | €436,865 | €425,324 | -€11,541 | -2.6% |
| Amounts payable after more than one year | 17 | €44,643 | - | -€44,643 | |
| Financial debts | 170/4 | €44,643 | - | -€44,643 | |
| Amounts payable within one year | 42/48 | €392,222 | €425,324 | +€33,102 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €44,643 | €44,643 | +€0 | 0.0% |
| Trade debts | 44 | €409 | €2,056 | +€1,647 | +402.6% |
| Suppliers | 440/4 | €409 | €2,056 | +€1,647 | +402.6% |
| Taxes, remuneration and social security | 45 | €4,095 | €53,758 | +€49,663 | +1212.7% |
| Taxes | 450/3 | €4,095 | €53,758 | +€49,663 | +1212.7% |
| Other amounts payable | 47/48 | €343,075 | €324,868 | -€18,208 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,052 | €79,779 | -€273 | -0.3% |
| Other operating charges | 640/8 | €10,315 | €10,647 | +€332 | +3.2% |
| Gross operating margin | 9900 | €75,241 | €86,386 | +€11,144 | +14.8% |
| Operating profit (loss) | 9901 | -€15,126 | -€4,040 | +€11,086 | +73.3% |
| Financial income | 75/76B | €9,836 | €11,655 | +€1,819 | +18.5% |
| Recurring financial income | 75 | €9,835 | €9,589 | -€246 | -2.5% |
| Non-recurring financial income | 76B | €1 | €2,066 | +€2,065 | +196661.9% |
| Financial charges | 65/66B | €4,422 | €2,816 | -€1,606 | -36.3% |
| Recurring financial charges | 65 | €4,422 | €2,816 | -€1,606 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,712 | €4,799 | +€14,511 | |
| Income taxes | 67/77 | - | €46,150 | +€46,150 | |
| Profit (loss) for the period | 9904 | -€9,712 | -€41,351 | -€31,639 | -325.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,712 | -€41,351 | -€31,639 | -325.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.